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Ghana’s economic history under review

By Kofi Ahovi

A book on Ghana’s economic history was launched in Accra last week. The book titled ‘An Economic History of Ghana: Reflections on a half-century of challenges and progress’ was edited by Ivor Agyeman-Duah, with the first copy auctioned for GH¢20,000.

The book reflects Ghana’s half century of bumpy economic transformation. Ivor Agyeman-Duah gathered together a group of scholars, educators, government, business and civil society leaders to debate the trajectory of Ghana's economic history. Their views centred on three fundamental themes: structures and institutions in a postcolonial economy, the Role of Public Policy and Innovation.

The book is about a past transition of how Ghanaians managed their economy from independence in March 1957 under Dr. Kwame Nkrumah to the tenure of John Agyekum Kufuor.

According to an analyst, the book would be a valuable tool for studies on African economic history with specific emphasis on Ghana but could also double as a yardstick for comparing the economic histories of other well performing African economies such as Botswana, Mauritius, Cape Verde, Namibia and South Africa, in line with the World Bank annual good governance rankings released in 2006.

Launching the book, the CEO of African Centre for Economic Transformation, Kwesi Amoako stressed the need for stability in economic management of a country and the continuity of good economic policies across administrations, urging that who ever wins the 2008 general elections maintain the good policies and ideas of the preceding government

Contributors include leading economists such as Jeffery D. Sachs, Earth Institutes, Columbia University and Advisor to the UN Secretary General, Prof. Ernest Aryeetey of the Institute of Statistical, Social and Economic Research-Ghana among others.

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